For Sale
$3,979,000

1701 Centerton Blvd Centerton, AR 72719

High-yield Chipotle, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 2,325 square foot Chipotle restaurant located at 1701 E Centerton Blvd, Bentonville, AR 72719. The property sits on a 1.16-acre lot and boasts a new 20-year absolute NNN lease with a corporate guarantee from an investment-grade tenant. The lease includes rent bumps, ensuring consistent income growth. With a current NOI of $185,000 and an asking price of $3,979,000, this property offers a compelling 4.65% cap rate. Built in 2024, this single-tenant property benefits from its high-visibility location on East Centerton Boulevard, a major thoroughfare with 36,000 vehicles daily. Its proximity to Walmart's corporate headquarters and technology center, along with a strong local demographic profile (average household income over $139,000 within a three-mile radius and nearly 90,000 residents within five miles), ensures consistent customer traffic and long-term value. This is an ideal passive investment opportunity with minimal landlord responsibilities. The property is also well-situated near several high schools, further enhancing its appeal. This is a 1031 exchange eligible property.

Highlights

  • High-visibility location on State Route 102/East Centerton Boulevard, with 36,000 vehicles per day.
  • Prime location near Walmart Home Office and David Glass Technology Center, benefiting from the area's growing tech sector.
  • Increased demand for local services due to Walmart's expanding workforce.
  • Strong real estate market fueled by Bentonville's growth.
  • Proximity to Bentonville High, Bentonville West High, and Grimsley Junior High Schools.
  • Dense population (90,000 within 5 miles) and high average household income ($139,000+ within 3 miles).

Property Details for 1701 Centerton Blvd

Property type
Retail properties, Retail space
Square Feet
2,325 SF
Year Built
2024
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Centerton
County
Benton
State
Arkansas
Latitude
36.3574984
Longitude
-94.2567016

FAQs

What type of property is this?
Retail property - High-yield Chipotle, 20-year lease.
Where is the retail property located?
The property is located at 1701 Centerton Blvd Centerton, AR.
What is the asking price?
The asking price for this property is $3,979,000.
What are key features of this property?
This property features: High-visibility location on State Route 102/East Centerton Boulevard, with 36,000 vehicles per day.; Prime location near Walmart Home Office and David Glass Technology Center, benefiting from the area's growing tech sector.; Increased demand for local services due to Walmart's expanding workforce.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1701 Centerton Blvd
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